North America's biggest container port faces record backlog

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North America's biggest container port faces record backlog
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Approximately 200,000 shipping containers remain gridlocked off the coast of Los Angeles on Monday as pandemic-related disruptions continue to affect various supply chains, according to Gene Seroka, the executive director of the Port of Los Angeles.

"We have about two weeks' worth of work sitting at anchor right now," Seroka said in an interview with CNN's Jake Tapper."The question right now is how do we segment this cargo."Biden alone can't end the supply chain crisisEasing the backlog is crucial during the final months of the year because retail items are in high demand as holiday shopping begins to kick off, Seroka said.

Five days ago, President Biden announced the Port of Los Angeles would move to a 24/7 operating schedule. While this has alleviated some of the congestion at the ports, Seroka said officials are not expecting to see the import market strengthen until February 2022.Read More"We've been buying more than ever as American consumers and the retailers have really tried their best to keep up with demand," Seroka said.

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